23, PENNYGATE DRIVE, LOWESTOFT, NR33 9HJ - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

23 PENNYGATE DRIVE is a very large extended detached house of 197m², built sometime between 1950 and 1966. It was last sold for £400,000 in October 2017, which was around 16% above the average October 2017 detached price in the East Suffolk local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

23 PENNYGATE DRIVE Sold Prices

Land registry data shows two sales for 23 PENNYGATE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Suffolk local authority area for the corresponding sale date. One of the two 23 PENNYGATE DRIVE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 6 OCT	£400,000	£345,681	16% above HPI
2007 20 MAR	£160,000	£246,715	35% below HPI

23 PENNYGATE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two 23 PENNYGATE DRIVE sales from March 2007 and October 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2007 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2017 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 23 PENNYGATE DRIVE?

23 PENNYGATE DRIVE is 197m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses in Lowestoft, based on EPC data. The below chart shows the distribution of detached houses by size in Lowestoft, and where 23 PENNYGATE DRIVE lies on this distribution: 96% of detached houses are smaller than 23 PENNYGATE DRIVE, and 4% of houses are larger. Note that EPC data is not available for all properties in Lowestoft.

23 PENNYGATE DRIVE: Plot and Title Map

23 PENNYGATE DRIVE sits on a plot of roughly 0.340 of an acre, or 1,375m². The below map shows the location of 23 PENNYGATE DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 23 PENNYGATE DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 23 PENNYGATE DRIVE?

23 PENNYGATE DRIVE is located in LOWESTOFT, in the NR33 postcode district. The below map shows the position of No. 23 on PENNYGATE DRIVE.